Long-Term Debt

6 Months Ended

Jun. 30, 2023

Long-term debt consisted of the following:


	June 30, 2023		June 30, 2022		Dec. 31, 2022
	(Dollars in thousands)
Bank debt
Bank revolving loans	$	738,000	$	675,000	$	—
U.S. term loans	950,000		1,000,000		1,000,000

Other foreign bank revolving and term loans	71,016		61,364		49,673
Total bank debt	1,759,016		1,736,364		1,049,673



3¼% Senior Notes	709,150		679,510		693,680
4⅛% Senior Notes	600,000		600,000		600,000
2¼% Senior Notes	545,500		522,700		533,600
1.4% Senior Secured Notes	500,000		500,000		500,000
Finance leases	64,225		66,938		65,667
Total debt - principal	4,177,891		4,105,512		3,442,620
Less unamortized debt issuance costs and debt discount	15,328		19,348		17,178
Total debt	4,162,563		4,086,164		3,425,442
Less current portion	811,387		718,695		80,061
	$	3,351,176	$	3,367,469	$	3,345,381

At June 30, 2023, the current portion of long-term debt consisted of $738.0 million of U.S. revolving loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $46.7 million of other foreign bank revolving and term loans and $26.7 million of finance leases.

On June 22, 2023, we and certain of our wholly owned subsidiaries entered into the Fourth Amendment to Amended and Restated Credit Agreement, or the Fourth Amendment, with the lenders party to the Credit Agreement and Wells Fargo Bank, National Association, as administrative agent. The Fourth Amendment amended the Credit Agreement to provide for the transition from LIBOR based interest rates to SOFR (Secured Overnight Financing Rates) and SONIA (Sterling Overnight Index Average) based interest rates and to provide for standard interest rate benchmark replacement language. The Fourth Amendment also reduced the spread adjustments for Term SOFR borrowings.